SHALLOW HIGH-GRADE CAESIUM AND LITHIUM AT THE SINCLAIR ZONE OF THE PIONEER DOME PEGMATITE DISCOVERY. DRILLING TO COMMENCE NEXT WEEK
Perth Western Australia, 13 January 2017:
Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to provide a drilling update for its 100%-held Pioneer Dome Lithium-Caesium-Tantalum (“LCT”) Pegmatite Project in the Eastern Goldfields of Western Australia.
On 13 December 2016, the Company advised that it has completed a programme of close-spaced drill holes, comprising 18 reverse circulation (“RC”) and 6 pre-collared diamond core holes, totalling 24 holes for 1,785m, including 215.7m of HQ core.
Results include high-grade caesium assays (>10% Cs2O) with individual one-metre samples to 30.53% Cs2O and similarly one-metre lithium assays to 4.59% Li2O – importantly, in the latter case, from petalite/spodumene.
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PIO Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
